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Iron & Steel Manufacturing in Germany - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

DE-C241 August 2024 Factsheet

Revenue

€9.5bn

2019-2024 1.8 %
2024-2029 X.X %

Employees

18,748

2019-2024 0.2 %
2024-2029 X.X %

Businesses

151

2019-2024 1.4 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

Iron & Steel Manufacturing in Germany market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Germany compared to Europe?

Country Benchmarking

Industry Data Germany

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#9 In Europe
Business
#12 In Europe
Employees
#13 In Europe
Wages
#6 In Europe

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Europe's Iron and Steel Manufacturing industry represents a key backbone of the region's industrial landscape. It's strategically interlinked with various sectors like construction, automotive, machinery and equipment manufacturers. Given steel's versatile applications, the industry's fortunes regularly swing with Europe's broader macroeconomic environment and key drivers, including raw material prices like steel, iron ore and coking coal, alongside construction and motor vehicle manufacturing activity. The industry operates under a loss, as profit has dwindled in the face of low steel prices and heightened environmental regulations, which have inflated costs.

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Enterprises
Number of businesses in 2024

Biggest companies in the Iron & Steel Manufacturing in Germany

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
ArcelorMittal SA
76,351.8
10,003.2
13.1
Voestalpine AG
14,800.0
1,500.0
10.1
Thyssenkrupp Steel Europe AG
18,500.0
6,300.0
34.1

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Top Questions Answered in this Report

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What is the market size of the Iron & Steel Manufacturing industry in Germany in 2024?

The market size of the Iron & Steel Manufacturing industry in Germany is €9.5bn in 2024.

How many businesses are there in the Iron & Steel Manufacturing in Germany industry in 2024?

There are 151 businesses in the Iron & Steel Manufacturing industry in Germany, which has grown at a CAGR of 1.4 % between 2019 and 2024.

Has the Iron & Steel Manufacturing industry in Germany grown or declined over the past 5 years?

The market size of the Iron & Steel Manufacturing industry in Germany has been growing at a CAGR of 1.8 % between 2019 and 2024.

What is the forecast growth of the Iron & Steel Manufacturing industry in Germany over the next 5 years?

Over the next five years, the Iron & Steel Manufacturing industry in Germany is expected to decline.

What are the biggest companies in the Iron & Steel Manufacturing market in Germany?

The biggest companies operating in the Iron & Steel Manufacturing market in Germany are ArcelorMittal SA, Voestalpine AG and Thyssenkrupp Steel Europe AG

What does the Iron & Steel Manufacturing in Germany include?

Flat products and Bar steel are part of the Iron & Steel Manufacturing industry.

Which companies have the highest market share in the Iron & Steel Manufacturing in Germany?

The company holding the most market share in Germany is ArcelorMittal SA.

How competitive is the Iron & Steel Manufacturing industry in Germany?

The level of competition is moderate and increasing in the Iron & Steel Manufacturing industry in Germany.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in this industry produce iron and steel in blast furnaces or reprocess steel in electric arc furnaces. Iron and steel manufacturers convert pig iron, also known as crude iron, into steel and produce ferroalloys and steel products from it. They mainly produce hot- and cold-rolled flat products that are then processed by other manufacturers.

Related Terms

INGOT ELECTRIC ARC FURNACE FERROALLOYS SMELTING

What's included in this industry?

Flat products Bar steel Iron and steel ingots Other products

Companies

ArcelorMittal SAVoestalpine AGThyssenkrupp Steel Europe AG

Industry Code

ISIC 2006

241 - Manufacture of basic iron and steel in Germany

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Iron & Steel Manufacturing in Germany industry?


Outlook

Analysis

What's driving the Iron & Steel Manufacturing in Germany industry outlook?


Volatility

Analysis

What influences volatility in the Iron & Steel Manufacturing in Germany industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Iron & Steel Manufacturing in Germany industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Major markets for bar steel include construction and also mechanical engineering. Revenue generated from bar steel has trended upwards, driven by the resurgence in the construction sector.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Iron & Steel Manufacturing in Germany industry's products and services performing?

Analysis

What are innovations in the Iron & Steel Manufacturing in Germany industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Iron & Steel Manufacturing in Germany industry?


International Trade

Highlights

  • Total Imports into Germany
  • Total Exports into Germany
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Strong strategies drive market share in steel. Fewer giants dominate Europe's steel scene thanks to economies of scale, strategic acquisitions and leading the green game. Success hinges on cost-efficiency, smart deals and being an eco-conscious pioneer.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Iron & Steel Manufacturing in Germany located?

Companies

Data Tables

Top 7 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Regulation pushes towards a greener steel industry in Europe. Government regulations and policy initiatives are steering Europe’s steel industry towards more sustainable and environmentally friendly practices. Both legislative mandates and incentives are driving this shift.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Iron & Steel Manufacturing in Germany industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Profit loss is mainly due to high utility prices. Following the Russian invasion of Ukraine in 2022, high gas and electricity prices and a rise in global steel production have caused significant losses for European manufacturers.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Iron & Steel Manufacturing in Germany industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.